Answer:
What is the appropriate amount of Bad Debt Expense?
Bad debt expense $ 1,178
Allowance for Uncollectible Accounts $ 1,178
Explanation:
The total amount of Allowance for Uncollectible Accounts is a credit of $0,400
Accounts Receivable $ 10,400
Allowance for Uncollectible Accounts $ 0,400
- The aging method indicates that the total amount must be :
Acc. Rec Allow.
7% $ 7,000 $ 0,490 Not yet due
15% $ 1,700 $ 0,255 1-30 days
49% $ 1,700 $ 0,833 more than 30 days
$ 10,400 $ 1,578
- It's necessary to entry the next journal entry to meet the amount indicated by the aging method.
Bad debt expense $ 1,178
Allowance for Uncollectible Accounts $ 1,178
Answer:
B) Supplier cost differentiation
Explanation:
As per the Porter model of generic strategies, there are three strategies which are as follows
1. Cost leadership strategy: It deals with less cost to reach broad market
2. Differentiation strategy: It deals with offering different products to reach broad market
3. Focus strategy: In terms of cost leadership and differentitaion, it focused with less cost and offered unique products at narrow market segment
Therefore the option B is not included
Options:
A. Debit card
B. Loyalty card
C. Fleet card
D. Credit card
Answer: D. Credit card
Explanation: A credit card is an electronic payment system which uses cards that are linked to a bank account, this card allows you to make purchases online in order to pay later.
A credit card allows its holders to borrow money from financial institutions with the aim of not exceeding the Financial limits. Financial limits are determined by the issuers of the card based on a person's credit history and amount of minimum savings which are expected.
